BULLION OUTLOOK FOR 01- JUNE-2017

BUY GOLD @ 28730 SL 27650 TGT 28870-29000.

BUY SILVER 40100 SL 39800 TGT 40300-40500.

Gold: Gold trading range for the day is 28539-29087. Technically market is getting support at 28640 and below same could see a test of 28539 level, And resistance is now likely to be seen at 28914, a move above could see prices testing 29087.Gold is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold closes below 28624 levels.

	R2	R1	S1		S2	TREND
GOLD	28800	28730	28600		28500	Bullish

Silver: Silver trading range for the day is 39681-40771. . Technically Silver is getting support at 39982 and below same could see a test of 39681 level, And resistance is now likely to be seen at 40527, a move above could see prices testing 40771. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels.

	R2	R1	S1		S2	TREND
SILVER	40300	40100	40000		39800	Bullish